MIRCOR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MIRCOR
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€52,425
up €52,425 (+478.1%), from €10,965 to €63,390
mainly Current investments (+€100,000) and Depreciation (+€62,709)
- Tangible fixed assets -€51,587
down €51,587 (-9.9%), from €523,004 to €471,417
of which Other tangible fixed assets: -€31,923
- Debts after one year -€96,250
no longer reported in 2025 (was €96,250)
- Current portion of long-term debt -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward +€13,709
up €13,709 (+3.5%), from €393,071 to €406,780
- Gross operating margin +€30,971
up €30,971 (+37.3%), from €83,050 to €114,020
- Financial charges -€5,909
down €5,909 (-52.8%), from €11,199 to €5,290
of which Non-recurring financial charges: -€6,340
- Staff costs +€4,221
up €4,221 (+20.0%), from €21,068 to €25,288
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,638 | €537,904 | -€101,734 | -15.9% |
| Fixed assets | 21/28 | €523,555 | €471,417 | -€52,139 | -10.0% |
| Intangible fixed assets | 21 | €551 | - | -€551 | |
| Tangible fixed assets | 22/27 | €523,004 | €471,417 | -€51,587 | -9.9% |
| Land and buildings | 22 | €250,962 | €240,475 | -€10,487 | -4.2% |
| Plant, machinery and equipment | 23 | €10,781 | €16,219 | +€5,438 | +50.4% |
| Furniture and vehicles | 24 | €46,490 | €31,875 | -€14,615 | -31.4% |
| Other tangible fixed assets | 26 | €214,771 | €182,848 | -€31,923 | -14.9% |
| Current assets | 29/58 | €116,083 | €66,487 | -€49,595 | -42.7% |
| Amounts receivable within one year | 40/41 | €3,642 | €621 | -€3,021 | -83.0% |
| Trade receivables | 40 | €1,182 | - | -€1,182 | |
| Other amounts receivable | 41 | €2,460 | €621 | -€1,840 | -74.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €10,965 | €63,390 | +€52,425 | +478.1% |
| Deferred charges and accrued income | 490/1 | €1,476 | €2,477 | +€1,001 | +67.8% |
| Total equity and liabilities | 10/49 | €639,638 | €537,904 | -€101,734 | -15.9% |
| Equity | 10/15 | €517,305 | €531,013 | +€13,709 | +2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,641 | €105,641 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,781 | €103,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,071 | €406,780 | +€13,709 | +3.5% |
| Amounts payable | 17/49 | €122,334 | €6,891 | -€115,443 | -94.4% |
| Amounts payable after more than one year | 17 | €96,250 | - | -€96,250 | |
| Financial debts | 170/4 | €96,250 | - | -€96,250 | |
| Amounts payable within one year | 42/48 | €24,491 | €6,891 | -€17,600 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €5,801 | €1,849 | -€3,953 | -68.1% |
| Suppliers | 440/4 | €5,801 | €1,849 | -€3,953 | -68.1% |
| Taxes, remuneration and social security | 45 | - | €3,125 | +€3,125 | |
| Taxes | 450/3 | - | €1,019 | +€1,019 | |
| Remuneration and social security | 454/9 | - | €2,106 | +€2,106 | |
| Other amounts payable | 47/48 | €3,690 | €1,918 | -€1,772 | -48.0% |
| Accrued charges and deferred income | 492/3 | €1,592 | - | -€1,592 | |
| Remuneration, social security and pensions | 62 | €21,068 | €25,288 | +€4,221 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,877 | €62,709 | -€168 | -0.3% |
| Other operating charges | 640/8 | €7,970 | €8,015 | +€45 | +0.6% |
| Gross operating margin | 9900 | €83,050 | €114,020 | +€30,971 | +37.3% |
| Operating profit (loss) | 9901 | -€8,866 | €18,007 | +€26,873 | |
| Financial income | 75/76B | €1,539 | €1,005 | -€534 | -34.7% |
| Recurring financial income | 75 | €1,539 | €1,005 | -€534 | -34.7% |
| Financial charges | 65/66B | €11,199 | €5,290 | -€5,909 | -52.8% |
| Recurring financial charges | 65 | €4,859 | €5,290 | +€431 | +8.9% |
| Non-recurring financial charges | 66B | €6,340 | - | -€6,340 | |
| Profit (loss) for the period before taxes | 9903 | -€18,526 | €13,722 | +€32,248 | |
| Income taxes | 67/77 | - | €14 | +€14 | |
| Profit (loss) for the period | 9904 | -€18,526 | €13,709 | +€32,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,526 | €13,709 | +€32,235 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.